The bank isn’t the place to go when you need money fast. The smallest blip in your credit history is grounds for rejection—delivering another blow to your credit score.
Magical Credit’s short-term personal loans for bad credit applicants are flexible, fast, and easy. Plus, you only pay interest to date and not the full term, if you choose to pay off your loan early!
Don’t fall behind on your short-term loan repayment terms! Calculate your monthly loan payment schedule with our short term personal loan calculator!
Yes—our short-term personal loans are ideal for bad credit applicants, because our lending criteria isn’t based on your credit score. Instead, we look at your entire credit history, current loans in collection, and any current consumer proposals.
Yes—Magical Credit accepts traditional and non-traditional sources of income. We accept government subsidies (e.g. EI, CPP, baby bonuses), as well as income from pensions or maternity benefits.
No—but you can take out a loan for $10,000 (our maximum) to cover the majority of the costs!
Once your loan is approved, we direct deposit the funds into your bank account.
Need an emergency loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our short-term, personal loan calculator!
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